My First Offer Appraisal Makes Me Want To Back Out

[Maileen Calhoun]

The purpose of this property was to flip. Here are the specs...

1% Down Payment

FHA Loan Type

Inspection Returned - Nothing unexpected

FHA Appraisal Returned - The appraisal matches the exact offer accepted.

This is my first property so I'm wondering if I should be concerned that the appraisal is the exact amount of the offer accepted. This is a pretty established neighborhood and homes rarely come up for sale.

Is this appraisal matching the offer a concern?

Thanks and Cheers!

Maileen